Gatehouse Bank lands latest blow in the best buy savings battle with table-topping fixed rates of up forex deutsche bank 2. What next for bitcoin and will it rise again? Can I get broadband without a landline? How good are people in your job at saving into a pension?
Money Morals: What should I charge a friend to rent my spare room? Should I pay off my student loan before applying for a mortgage? Europe’s biggest bank, Deutsche, is axing thousands of jobs and abandoning its dream of a global empire. As it plunged in to a fresh crisis, new boss Christian Sewing is dramatically scaling back its ambitions and has instead pledged to focus on supporting businesses in Germany and Europe. It marks the end of a decades-long push to build a rival to Wall Street and the City in Frankfurt, and means the European Union is losing its last internationally important investment bank.
376million in the first quarter of 2018, less than half what they were a year earlier, in results widely seen as disappointing. They drew an unwelcome contrast with US investment banks, which had their best start to the year since the financial crisis, as rocky markets and a frenzy of deal-making pushed up activity. Bankers Showdown Corporate raider Edward Bramson is due to hold crunch talks with Barclays boss Jes Staley after buying a 5. 4 per cent stake in the bank. A meeting between the lender’s management and the activist investor will be held in coming weeks.
The City has been rife with speculation over Bramson’s intentions since he bought into Barclays last month. He said of the meeting: ‘We look forward to that dialogue, I’m sure it will be constructive. Sewing this month replaced outspoken Yorkshireman John Cryan, an investment banker by profession who was trying to rebuild the bank. The new chief executive, who is German, from the accounting and retail banking side of the lender, was expected to take a much more parochial view. He is sacking 400 bankers in the US this week and is expected to cut more than 1,000 more of Deutsche’s 10,300-strong American workforce. The axe is also likely to fall in London, where it has 8,600 staff.
Most of this bill is likely to be pay-offs for staff made redundant. Sewing said: ‘We have to act decisively and adjust our strategy. There is no time to lose as the current returns for our shareholders are not acceptable. The new boss stressed he has no intention of abandoning America but it will stop competing in areas where it is outgunned. Deutsche used to be legendary for its bonuses, with bankers getting their new Aston Martins delivered by car transporter. Years of rock-bottom interest rates and woeful economic performance in the eurozone crippled it at home, while it was hit with billions in fines for everything from Russian money-laundering to mis-selling toxic US mortgages. The comments below have not been moderated.
We are no longer accepting comments on this article. When is a good time to start investing – and how can you cut the risks? Where are the best places to invest in 2018 – and will UK shares be one of them? As house prices slow and tax hikes bite, is buy-to-let still worth doing? Why I’m ditching these lousy fund managers who can’t even beat a robot! Why are banks making it so easy for fraudsters to open accounts? We obtain secret police list of accounts set up with bogus IDs to scam victims.
JUPITER ECOLOGY: Blue sky and wacky? Will Italy and Spain woes rock my investments? The short-term interest rate is the overnight interbank lending rate. Lowering the short-term interest rate in effect lowers the cost of credit, thus stimulating people and businesses to borrow in hope to expand the economy. WE ALSO CONFIRM THAT THE ABOVE SSI IS APPLICABLE TO ALL OUR TREASURY PRODUCTS.
WE WILL PROVIDE INTERNET FACILITY FOR THOSE WHO ARE HAVING ACCOUNT WITH PARIS BRANCH AND YOUR MONTHLY STATEMENTS IN YOUR MAIL ID. PERIOD OF 3 MONTHS AND ABOVE AND FOR SUBSTANTIAL AMOUNT FROM 30 DAYS AND ABOVE AS SPECIAL CASE. Receive all Bitcoinist news in Telegram! 10,000 mark, there are still some parties that believe it’s not a good investment option. Bitcoin and cryptocurrencies are currently among the hottest topics in the finance and technology world. The main reason behind the recent hype is the astronomical rise of the cryptocurrency market cap.
There might be some people that still don’t believe in Bitcoin and cryptocurrencies, but there many people that see a huge potential for them. 10,000, because of the upcoming launch of Bitcoin futures by the CME Group. Bitcoin futures would allow more institutional investors to get into the Bitcoin boom and further diversify their portfolios and investments. What are your thoughts on the advice of Deutsche Bank’s strategist? Do you think that people should refrain from investing in Bitcoin? Let us know in the comments below!